Business Daily from THE HINDU group of publications
Thursday, July 03, 2008
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Commodities (July 2)
Gold (per gram) Rs1,313
Silver (per gram) Rs25.26
Brent crude (per bbl) Rs6,153
Markets (July 02)
BSE Sensex13664.62 (+702.94)
S&P CNX Nifty4093.35 (+196.60)
US Dollar43.20 (-0.14)


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Govt set to decontrol sugar industry from October 1
Mills to be given free hand to sell without ‘release orders’ More

Partial response to truckers strike
New Delhi, July 2 The indefinite nationwide strike called by the All-India Motor Transport Congress (AIMTC) from Wednesday evoked “partial response” from transport bodies across the country, with trucking activities remaining ... More

Sensex gains 700 points as markets bounce back
Stock markets, which lost heavily in the last three trading sessions, bounced back on Wednesday, mainly on buying support from domestic institutions and proprietary traders. Positive news on the political front, strong opening of the ... More

PF Act likely to cover firms with 10 employees
New Delhi, July 2 More than five million people employed in establishments that have 10 or more workers but less than 20 may soon come under the purview of the Provident Fund Act if the Central Board of Trustees (CBT) of the Employees ... More

Inflation haunts consumers more in rural areas
CPI for agricultural labourers on the rise More

Glenmark acquires seven brands in Poland
Forges deal with Actavis; eyeing Central & Eastern Europe More

iGATE to expand in Chennai
New facility at SEZ to be operational by year-end More

IDC sees 9.5% growth in manufacturing IT spends
China, India to notch top slots in Asia-Pacific More

Spot LNG prices shooting up in line with crude
Availability is also adding to concerns More

MFs asset base drops 6% in June
ICICI Prudential, five others buck the trend More

What’s for breakfast today?
Breakfast cereals are growing, with old players changing tack and new ones competing hard. More

Enhanced oil recovery possible from existing oilfields: Expert
Mumbai, July 2 For the world deeply concerned over soaring crude prices with no upper limit in sight, a new study by renowned petroleum consultant Dr Rafael Sandrea should bring some hope. Dr Sandrea is the President of Oklahoma-based IPC ... More

Mundra Port tumbles on SC stay, stages recovery
Adanis to move SC for vacation of ex-parte stay More

TODAY'S PICK (Latest Audio: English/Tamil)
Indian Hotels Company (Rs 80.75): Buy
We recommend a buy in Indian Hotels Company from a short-term perspective. From the charts of Indian Hotels Company, we note that the stock has been on a downward trend from its 52-week high of Rs 177, marked in early January 2008. In late ... More

Wheat prices may gain on cues from other grains
Increase in rates of barley, maize, bajra; higher freight costs More

Day Trading Guide
Fresh long-position can be initiated, if the stock moves above Rs 635 with tight stop-loss. Infosys On Wednesday, the stock breached the resistance level Rs 1,800 by jumping up by 6 per cent, accompanied with ... More

Advances to commodity trade under RBI watch
Selective credit controls to check inflation possible, say bankers More

DLF board to consider share buyback next week
Stock recovers from life-time low More

Aviation stocks nosedive
Jet Airways plummets 36% in a week More

IMPACT
Glenmark in Poland: Branded generic boost
Gives front-ended presence, platform for future launches More

Rains bear down heavily over Gujarat region
Thiruvananthapuram, July 2 The intensity of precipitation along the west coast moderated somewhat on Wednesday as dry northwesterlies pushed their way into the moisture-laden southwesterlies. But the rains bore down heavily over the Gujarat ... More


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